Family of four in Mumbai declares Rs 2 lakh crore under IDS, IT dept launches enquiry

Maheshkumar Champaklal Shah, resident of Ahmedabad, also filed a declaration for an amount of Rs. 13,860 crore

Family of four in Mumbai declares Rs 2 lakh crore under IDS, IT dept launches enquiry

A family of four in Mumbai reportedly declared Rs 2 lakh crore under income declaration scheme, the Union Finance Ministry has revealed.

However, the Income Tax department on Sunday rejected the declaration and started enquiries into these declarants, ANI news agency reported.




According to the documents, people filed the declaration are Abdul Razzaque Mohammed Sayed (self), Mohammed Aarif Abdul Razzaque Sayed (son), Shrimati Rukhsana Abdul Razzaque Sayed (wife) and Noorjahan Mohammed Sayed (sister), the news agency said.

In another incident, a declaration was filed by Maheshkumar Champaklal Shah, resident of Ahmedabad, for an amount of Rs. 13,860 crore.

“Declarations from Mumbai & Ahmedabad were kept pending for probe & were not included in total value of declarations announced on Oct 1 2016,” Income Tax officials said.

According to the official data, the evised figure of actual declarations taken on record was Rs 67382 crore as against declarations totalling Rs 65250 crore announced on October 1.

Meanwhile, Mahesh Shah, the business man who had declared a record  Rs 13,860 crore under the Centre’s income disclosure scheme  and went missing later, appeared in a television studio and claimed he had been supporting politicians and top industrialists.

Shah  said: “The money I declared belongs to politicians, bureaucrats and businessmen whose names I will reveal to income-tax officials.”

He said he declared the income as his own for accepting a commission. “I admit my mistake, which I should not have done,” Shah added.

Reports suggest that the businessman was close to Prime Minister Narendra Modi and BJP chief Amit Shah, and former Gujarat chief minister Suresh Mehta confirmed it hours before Mahesh had surfaced.

BJP dismissed Mehta’s claim and said: “The party has nothing to do with him (Mahesh Shah). No one in the party knows him.”